Valley Brook Capital Group Takes $48,000 Position in ConocoPhillips (NYSE:COP)


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Valley Brook Capital Group acquired a new stake in shares of ConocoPhillips (NYSE:COP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,224 shares of the energy producer’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC acquired a new position in shares of ConocoPhillips during the fourth quarter valued at about $29,000. Klaas Financial Asset Advisors LLC acquired a new position in shares of ConocoPhillips during the fourth quarter valued at about $31,000. Chiron Capital Management LLC acquired a new position in shares of ConocoPhillips during the third quarter valued at about $35,000. Accel Wealth Management acquired a new position in shares of ConocoPhillips during the fourth quarter valued at about $35,000. Finally, DB Wealth Management Group LLC acquired a new position in shares of ConocoPhillips during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.

NYSE COP opened at $52.38 on Thursday. The business has a fifty day moving average price of $54.01 and a 200 day moving average price of $42.67. ConocoPhillips has a one year low of $27.53 and a one year high of $61.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.16 and a current ratio of 2.38. The company has a market cap of $70.83 billion, a P/E ratio of -46.35, a P/E/G ratio of 10.03 and a beta of 1.85.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Monday, February 1st. The energy producer reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.06. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the company earned $0.76 EPS. As a group, sell-side analysts predict that ConocoPhillips will post -0.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, February 11th. ConocoPhillips’s dividend payout ratio is currently 47.91%.

A number of equities research analysts recently commented on the company. Bank of America reiterated a “neutral” rating on shares of ConocoPhillips in a research report on Monday, March 22nd. Barclays upped their target price on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. Mizuho upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $56.00 in a research report on Tuesday, January 12th. Smith Barney Citigroup upped their target price on ConocoPhillips from $39.00 to $50.00 in a research report on Wednesday, December 9th. Finally, Truist upped their price objective on ConocoPhillips from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. ConocoPhillips presently has an average rating of “Buy” and an average target price of $53.88.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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